Raymond James Increases VerticalScope (TSE:FORA) Price Target to C$11.50

VerticalScope (TSE:FORA) had its price target hoisted by Raymond James from C$9.00 to C$11.50 in a research report sent to investors on Wednesday morning, BayStreet.CA reports.

A number of other analysts have also issued reports on FORA. Royal Bank of Canada increased their target price on VerticalScope from C$13.00 to C$14.00 and gave the company an outperform rating in a report on Friday, March 15th. CIBC upgraded VerticalScope from a neutral rating to an outperform rating and increased their price objective for the stock from C$6.00 to C$9.00 in a report on Friday, March 15th. Eight Capital boosted their target price on VerticalScope from C$7.00 to C$9.00 in a research note on Friday, March 15th. Cormark raised their price target on VerticalScope from C$9.25 to C$12.70 in a research note on Tuesday, March 26th. Finally, TD Securities upgraded VerticalScope from a buy rating to an action list buy rating and increased their price objective for the stock from C$7.50 to C$12.00 in a report on Friday, March 15th.

VerticalScope Price Performance

FORA opened at C$9.00 on Wednesday. The stock has a fifty day moving average of C$6.99 and a 200-day moving average of C$5.53. The firm has a market capitalization of C$168.21 million, a P/E ratio of -28.13 and a beta of 0.03. VerticalScope has a 12-month low of C$2.94 and a 12-month high of C$9.97. The company has a quick ratio of 0.79, a current ratio of 1.91 and a debt-to-equity ratio of 76.25.

VerticalScope Company Profile

VerticalScope Holdings Inc, a technology company, operates a cloud-based digital community platform for online enthusiast communities in the United States, Canada, the United Kingdom, and internationally. The company provides digital advertising services comprising direct advertising campaigns serve primarily in original equipment manufacturers, retailers, and insurance providers; programmatic advertising which includes the monetization of display and video impressions, and private marketplace and programmatic guaranteed advertising; and custom content solutions that manages and produces branded content for advertisers, including product reviews, articles, e-mail features, and short videos; and provides e-commerce solutions.